Table 4-2 U.S. Water Transportation Fixed Assets and Labor, 2002-2007

Table 4-2
U.S. Water Transportation Fixed Assets and Labor, 2002-2007

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Type 2002 2003 2004 2005 2006 2007 Percent change 2002-07
Fixed assets ($ billions) 42.3 44.5 46.8 49.2 52.4 NA 23.9%
Vessels 23.4 24.6 25.7 26.8 28.2 NA 20.5%
Communications 10.2 10.9 11.6 12.2 13.2 NA 29.4%
Buildings 4.5 4.6 5 5.6 6.1 NA 35.6%
Other 4.2 4.4 4.5 4.6 4.8 NA 14.3%
Segment              
Labor (000 jobs) 147.8 148.3 147.9 154.5 162 164.1 11.0%
Transportation 52.6 54.5 56.4 60.6 62.7 64.3 22.2%
Port services 95.2 93.8 91.5 93.9 99.3 99.8 4.8%

NOTE: NA = Not available.

SOURCES: Fixed Assets: U.S. Bureau of Economic Analysis, Fixed Assets Accounts. Detailed data available at www.bea.gov. Labor: U.S. Bureau of Labor Statistics, Current Employment Statistics Survey, Detailed Data Files. Detailed data available at www.bls.gov.

U.S. water transportation is in a period of renewal and expansion with a 24% increase in gross output, a 22% increase in value added (gross output less intermediate inputs), a 35% increase in industry assets, and over 6,000 jobs added over the last 5 years.